||This article may be confusing or unclear to readers. (February 2009)|
|Traded as||OTCQB: POWN|
|Headquarters||Beverly Hills, CA, USA|
|Key people||Stan Lee, Chair & CCO
Gill Champion, President, CEO
|Revenue||$ 2.7 million (FY 2011)|
|Operating income||$-0.6 million (FY 2011)|
|Net income||$ 0.24 million (FY 2011)|
|Total assets||$ 13.8 million (FY 2011)|
|Total equity||$ -3.5 million (FY 2011)|
|Employees||12 (October 2011)|
|Parent||POW! Entertainment, Inc.|
|Divisions||Panda Media Partners
Stan Lee Comics
|Subsidiaries||QED Productions, LLC
POW! (Purveyors of Wonder) Entertainment is an American media production company formed in 2001 by Gill Champion, Arthur Lieberman and former Marvel Comics editor and publisher Stan Lee. POW! is made up of primarily two companies, POW! Entertainment, Inc. (POW! Inc.), a holding corporation so as to have publicly traded stock, and the operating company, POW! Entertainment, LLC (POW! LLC), the primary operating company.
POW! productions include the 2006 Sci Fi Channel's TV-movie Stan Lee's Lightspeed and that network's reality television series Who Wants to Be a Superhero?. Other productions include the direct-to-DVD animated features Stan Lee's Mosaic and Stan Lee Presents: The Condor.
The separate corporation POW! Entertainment, Inc., is a holding company created so as to have publicly traded stock. This corporation originated as the Delaware corporation Megatek Legacy Systems, Inc., formed August 17, 1998; this became Alta Pacific Minerals, Inc. in 1999, and Arturion Entertainment, Inc. in 2002. By 2004, Arturion' stockholder were Media Dynamics, Inc., owned by Valerie Barth, controlling stockholder, and minority stockholder, UltraVision Inc., owned by Ron Sandman. In a transaction structured by investment banker Stan Medley, Arturion was a public shell corporation that was used to acquire POW! on May 5, 2004, with POW! members receiving Arturion shares to take it public on the over-the-counter market "Pink Sheets". Arturion changed its name to POW! Entertainment, Inc. Media Dynamics invested 1/2 million dollars for 769,250 shares with a subscription for additional shares for $650k, as well as Stan Medley's group who also invested 1/2 million dollars.
Lee created the risqué animated superhero series Stripperella for Spike TV. In 2004 he announced a superhero program that would feature Ringo Starr, the former Beatle, as the lead character. Additionally, in August of that year, Lee announced the launch of Stan Lee's Sunday Comics.
In May 2004, IDT Entertainment purchased a minority share in POW Entertainment in an agreement for exclusive distribution rights to POW's animated DVD properties and joint development of 6 cartoon films. In 2005, the company announced that another animated film that would feature the voice of Ringo Starr. Also in early 2005, the company formed a strategic partnership to develop a new mobile channel with mobile-streaming pioneer Vidiator, through Vidiator's mobile streaming technology. In 2006, this resulted in an agreement with Sprint Nextel Corp. where the Stan Lee's POW! Mobile Channel is officially listed as Sprint's Channel 70. The channel includes mobisodes with Stripperella, The Accuser and The Drifter.
In 2004, an agreement with Andrew Stevens Entertainment Group and Jeff Franklin of FWE Inc., POW! and Lee planned to produce three action movies for the Sci Fi Channel to be aired in 2005-2006. Only one movie, Lightspeed, was completed for SciFi and aired July 26, 2006. POW! president and CEO Champion said in 2005 that Lee was creating a new superhero, Foreverman, for a Paramount Pictures movie, in tandem with producer Robert Evans and Idiom Films, with Peter Briggs hired to collaborate with Lee on the screenplay.
In 2007, POW! started a series of direct-to-DVD animated films under the Stan Lee Presents banner. Each film focuses on a new superhero, created by Stan Lee for the series. The first two releases were Mosaic and The Condor. POW! and Walt Disney Studios agree to a first-look deal in June 2007. The following year, the first three titles under that deal were announced: Nick Ratchet, Blaze and Tigress.
On June 9, 2007, suit was brought against Lee, POW!, subsidiary QED Entertainment, and former Stan Lee Media staff at POW! On January 20, 2009, Judge Stephen Wilson, in Los Angeles Federal Court, ruled that POW! had illegally transferred assets of Stan Lee Media, including the Drifter and the Accuser, to POW! in violation of a bankruptcy court order.
Brighton Partners and Rainmaker Animation announced in April 2008 a partnership with POW! to produce a CGI film series, "Legion of 5". That same month, Virgin Comics announced Lee would create a line of superhero comics for that company.
On December 31, 2009, The Walt Disney Company's Catalyst Investments acquired a 10% stake in POW! for $2.5 million, coinciding with its full acquisition of Marvel Entertainment. Also, Disney's Silver Creek Pictures entered into another agreement with POW! for first-look and consulting services.
In 2010, POW started reporting to OTC Markets Group and was moved to the Over-The-Counter QB (OTCQB) tier market from the pink sheets. In February of that year, POW! partnered with A Squared Entertainment (A2) and Archie Comics to create the Stan Lee Comics print and digital line. On August 5, 2010, the reality-television series Stan Lee's Superhumans show premiered on the cable channel History. Also that month, Super7, a toy manufacturer, sued POW! and partners over Stan Lee Comics' Super Seven. Late in the year, POW! and Boom! Studios began publishing three new comic-book series: Soldier Zero, Starborn, and The Traveler. In October 2010, Guardian Media Entertainment, a partnership of Lee, SLG Entertainment and NHL Enterprises, created hockey-themed superheroes called "Guardians" for each of the 30 teams in the National Hockey League. The venture includes a graphic novel.
Ricco Capital and Panda Media Partners, a joint venture of POW! and Fidelis Entertainment, formed a partnership, Magic Storm Entertainment, in June 2011 to produce material for Asia. In 2011, Lee was writing a live-action musical, The Yin and Yang Battle of Tao. In October, Lee announced he would partner with 1821 Comics on a multimedia imprint for children, Stan Lee’s Kids Universe, a move he said addressed the lack of comic books targeted for children; and that he was collaborating with the company on its futuristic graphic novel Romeo & Juliet: The War, by writer Max Work and artist Skan Srisuwan. In November, POW signed an agreement with YouTube and Vuguru, Michael Eisner’s digital studio, to start a YouTube channel called Stan Lee's World of Heroes. That same month, the company signed a deal with EQAL to create and launch theRealStanLee.com, an official site for Lee.
In May 2012, Arthur Lieberman, Chief Operating Officer and Chief Counsel of POW!, passed away due to lung cancer.
Also in May, POW! filed suit for fraud and breach of contract against Valerie Barth of Media Dynamics and Ron Sandman, sole director of UltraVision Inc. POW pre-emptively sued the duo due to the public statements about feeling "robbed" in the transaction not knowing about the issues surrounding Stan Lee Media (SLM). POW claims that they are owed $1.15 million for a 3 million POW! common stock subscription. Barth, Sandman and their corporations countersued for conspiracy, fraud and violations of security laws in relationship to the Arturion reverse merger by inflating assets and failing to reveal SLM-Lee agreements. Also, they claim the POW Trio failed to get an additional $1 million in financing as promised do to the SLM problems amongst other claims.
- QED Productions, LLC - holds the intellectual property from the defunct Stan Lee Media
- Panda Media Partners - a joint venture with Fidelis Entertainment
- SLG Entertainment, LLC (SLGE) - owned with NHL Enterprises (NHLE), LP
- Stan Lee Comics - a joint venture with A Squared Entertainment (A2) and Archie Comics
- Stan Lee’s Kids Universe - a joint venture with 1821 Comics for a multimedia imprint for children
- Stan Lee's World of Heroes - a joint venture with YouTube and Vuguru on a YouTube channel
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